You searched for Subsidy – Page 3 of 28

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

How Fuel Subsidy Removal Forced Many Marketers Out Of Business – IPMAN

...members. Surajudeen Bada, a National Ex-officio of IPMAN, lamented the harsh reality faced by oil marketers, explaining that the eradication of the subsidy had drastically spiked the cost of purchasing...

Emmanuel Ochayi

11 months ago

Business·Oil & Gas

Fuel Subsidy Gulps N2 Trillion In One Year

With N8 billion daily expenditure, the Nigerian government’s yearly spend on petrol subsidy amounts to N2 trillion. According to top oil marketers, it impacts negatively on the economy and therefore...

Victor Ezeja

3 years ago

Nigerian Electricity Regulatory Commission (NERC) has announce reduction of electricity tariff for band A customers from N225 per kilo watt hour (kWh) to N206.8kWh with effect from May 2024.

Business·Power

New Electricity Tariff Hike Will Reduce Subsidy By 40% – NERC

The Nigerian Electricity Regulatory Commission (NERC) says the new increase of electricity tariff will reduce subsidy for electricity generation by 40 per cent while the Federal Government would still retain...

Victor Ezeja

8 months ago

Nigerian Govt Spends ₦380bn On Electricity Subsidy In Q2 2024 — NERC

Business·Power

Power Generation Capacity Dropped By 4.02% As Nigerian Govt Incurred N204bn Electricity Subsidy In Q3 2023 – NERC

...the power sector to boost industrial growth. Electricity Subsidy The NERC report further indicated that the Federal Government incurred a subsidy obligation of N204.59 billion in the (Q3) of 2023....

Victor Ezeja

11 months ago

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Finance & Economy

Report Predicts Nigeria’s Headline Inflation To Hit 32% In March As Petrol Subsidy Removal Impact Lingers

...almost three decades. The report attributed it to the lingering impact of petrol subsidy removal done last year, food supply chain disruption, and high energy costs among other factors. According...

Victor Ezeja

8 months ago

Ezekwesili Backs JAMB Sanctions Against Mmesoma Over UTME Result Forgery

We Need Total Deregulation Of Petroleum Sector Not Only Subsidy Removal – Ezekwesili

...Because there are serious governance issues in that sector. So, just saying we’re removing subsidy was not going to be sufficient.” Primes Business Africa recalls that President Bola Tinubu had...

Victor Ezeja

3 months ago

Business·Latest News·Oil & Gas

How Fuel Subsidy Removal Saved Nigeria From Bankruptcy- Tinubu

President Bola Tinubu has defended his administration’s decision to discontinue fuel subsidy payments, stating that it was a necessary action to prevent Nigeria from going bankrupt. Speaking at the Special...

Emmanuel Ochayi

7 months ago

Business·Latest News·Oil & Gas

Fuel Subsidy: SERAP Sues NNPCL Over Nigeria’s Oil Revenue Secrecy

...alleged failure to disclose crucial financial details since the removal of petrol subsidy in May 2023. Speaking on behalf of SERAP, Deputy Director Kolawole Oluwadare said: “Nigeria’s oil production, exports,...

Emmanuel Ochayi

11 months ago

Editorial

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe [Editorial]

...at a time citizens are dying in installments owing to the severe hardship occasioned by an earlier removal of fuel subsidy which even local authorities have since realized wasn’t a...

Prime Business Africa Editorial

11 months ago

How Nigeria Can Generate Trillions Annually From Non-Oil Assets- Taiwo Oyedele

Nigeria: Fuel Subsidy Removal, FX Reforms Will Save N8trn Annually

Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, disclosed that the Federal Government is set to save N8tn annually through the implementation of fuel subsidy removal...

Emmanuel Ochayi

10 months ago

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Subsidy - Page 3

How Fuel Subsidy Removal Forced Many Marketers Out Of Business – IPMAN

Fuel Subsidy Gulps N2 Trillion In One Year

New Electricity Tariff Hike Will Reduce Subsidy By 40% – NERC

Power Generation Capacity Dropped By 4.02% As Nigerian Govt Incurred N204bn Electricity Subsidy In Q3 2023 – NERC

Report Predicts Nigeria’s Headline Inflation To Hit 32% In March As Petrol Subsidy Removal Impact Lingers

We Need Total Deregulation Of Petroleum Sector Not Only Subsidy Removal – Ezekwesili

How Fuel Subsidy Removal Saved Nigeria From Bankruptcy- Tinubu

Fuel Subsidy: SERAP Sues NNPCL Over Nigeria’s Oil Revenue Secrecy

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe [Editorial]

Nigeria: Fuel Subsidy Removal, FX Reforms Will Save N8trn Annually

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